Don’t for­get the less ob­vi­ous lo­ca­tions when look­ing to in­vest

Port Douglas & Mossman Gazette - - FRONT PAGE -

PROP­ERTY in­vestors have been urged to broaden their hori­zons and fo­cus less on buy­ing in a prime lo­ca­tion. RE/ MAX Cairns prop­erty man­ager Ray Mur­phy said in­vestors should view a prop­erty with their po­ten­tial ten­ants in mind. ‘‘Not ev­ery prop­erty com­ing to the mar­ket can be in a prime lo­ca­tion,’’ he said. ‘‘We see ten­ants de­lib­er­ately seek­ing out homes right on ma­jor trans­port routes, whereas some prop­erty buy­ers might not con­sider th­ese as prime places to live at all.’’ Mr Mur­phy said be­ing close to trans­port, em­ploy­ment and ma­jor fa­cil­i­ties were high on ten­ants’ wish lists. ‘‘First-time in­vestors or land­lords want­ing to ex­pand an in­vest­ment prop­erty port­fo­lio may find their dol­lar goes fur­ther if they look fur­ther afield,’’ he added. ‘‘Neigh­bour­ing sub­urbs to hot prop­erty mar­kets are usu­ally lower-priced but are likely to grow in value through a rip­ple ef­fect.’’

BIANCA KEE­GAN

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